Chong Sheng 1977Nian Cong Zhi Qing Kai Shi

Before the 10th, several merchants saw the exhibition advertisement published in the newspaper. The purpose of the exhibition was to increase the popularity of October Company and Modan Barracks, which was naturally reflected in the advertisement copy.

Moreover, after weighing in Nanyi, the address of the fair is one of the smaller stadiums in the Luzhniki Stadium. A company name and two place names are added together. How could merchants not understand that this fair is in October? Organized by the company, they took the newspaper and found Bao Huantou and Nanyi.

Now that he was approached, Nanyi didn't hide it. He called the merchants to hold a discussion meeting, explained the fair in detail at the meeting, and threw out a " Hundred and Five-Year Plan".

In October, the company is about to launch the October mark. Merchants who join the 100-five plan will have the October mark sewed on their products. To put it bluntly, Nanyi wants to play OEM and carry out brand operations. The "hundred and five" refers to the products with the October mark. In October, the company will share 5%, not the profit share, but the sales share. If the merchant sells a product worth 100 US dollars, the company will raise 5 US dollars in October.

Russia’s current economy is collapsing, but it doesn’t mean that there are no wealthy classes in Russia. Some of the leather jackets that were wholesaled here in Modan Barracks were sold in various markets in Moscow or other cities, and some were given away. When you enter a shopping mall, you don't go in straight, but you go in as a certain brand.

Russia does not have effective "trademark law" and "patent law" provisions, and the protection of brands is not strong. Counterfeiting other brands is not strictly pursued at the official level, and some are just private crackdowns from the brand side. This kind of blow is often innocuous, and it is difficult to arouse the fear of the counterfeiter.

The Huaguo leather jacket is the best-selling item in Russia and Moscow, but this kind of sales is based on imitation. What kind of leather jacket sells well in the mall, the information will be sent back to the country immediately, and it will take less than a month. The same Huaguo leather jackets with more than ten times cheaper prices will appear on the market.

For example, the most popular leather jacket recently sold by merchants here in Modan Barracks usually sells for between 100-125 US dollars, but in the GUM mall, the price of the genuine product is 1290 US dollars, and the sales are not bad. Even in the off-season, hundreds or thousands of pieces can be shipped out in a month.

The leather jackets in Russian shopping malls mainly come from Turkey and Italy. Nanyi knows the approximate cost. The price of Huaguo leather jackets is not as good as others. The profits of others are dozens of times higher, and the quality difference is not so great. Many, the difference is the brand and sales channels, and the difference is the concept of doing business.

There are many merchants in Huaguo, and there are also a lot of products in Huaguo. The rarity of goods has nothing to do with Huaguo products. On the bright side, small profits but quick turnover and winning by quantity are synonymous with Huaguo products. Consumption in Russia In the eyes of readers, the impression is that the quality is not good, but it is cheap, and it can be used.

To use an old saying, Huaguo products are not allowed to be served on dog meat, and are only suitable for sale in the job-hopping market.

Huaguo products and brand-name products have taken two different paths, just like the climbing path of masters and slaves. Brand products have changed from small landlords in the countryside to small landlords in towns, and then gradually become gentry. , and then become the dog's leg next to the eighth aunt, gritted her teeth step by step, and climbed up step by step, and finally became the master's first confidant, being able to take the good job of wiping the master's buttocks, it is extremely honorable.

It is said that the seventh-rank officials in front of the prime minister’s gate, and the confidant servants can show off their power when they see the small landlord, and even live a more comfortable life than the small landlord. Hey, this brand is only valued at 1 billion, ha, that is a little more, and it is only 5 billion , Young master, although I am an OEM for others, I am worth 150 billion, scumbag brands, are you convinced?

Relying on the master's favor, his confidant is so fluttering, he no longer cares about things, and dares to replace the master's official swallow with Yanmo. A slave, some trivial things, the master can ignore them, no matter what, he is still a confidant, but if it is too much, the master will express it immediately.

The matter was not too big, and the master did not resort to thunderous means, but just slightly reprimanded his confidants in front of other servants, who could be a slave in the mansion, who would not wink, all of them were the same as the capital, the sense of smell Sensitive, in order to cheer up their confidants, the servants bought the "fresh fart" released by the confidant Choushi at three moments. You buy and I sell, and I sell you to buy. The price of "fresh fart" was entrusted to a very high price.

The confidant's so-called 150 billion net worth, 140 billion is in the "fresh fart", and the remaining 5 billion is the machine bought to make the fart more fresh. Only 5 billion is the real asset of the confidant, but the 50 billion One hundred million is not safe, if the master really gets angry one day, his confidant will die immediately without a place to bury him.

Rolling his eyes as soon as he chokes his neck, and bragging as soon as he lets go, this is not what Nanyi wants to see. He wants to do something for Huaguo's leather jacket, and he doesn't want to see Huaguo's leather jacket being choked by someone.

If there must be a hand pinching the neck, Nanyi is willing to shed tears and work tirelessly to be that hand day and night. Of course, Nanyi's subjective wish is not to pinch for the sake of pinching, but to embrace both The mentality of the world, protect the vulnerable merchants, put the October mark on their leather jackets, and the October mark on their US dollars, and make a loud declaration to the black hands: "This mountain is the one I opened. , I planted this tree, bring it here, you!"

Well, speaking of it, it’s actually not complicated. Nanyi just wants to select a group of merchants who are strong enough and willing to share with others, and build an October brand together. The merchants contribute funds and products, and the October company releases Channels and contacts, everyone worked together to bring October brand leather jackets into the market.

For the merchants, although there is an extra October for the company to distribute money from them, their own profits have also made a qualitative leap.

At the meeting, Nanyi broke apart and broke it into pieces to tell the merchants earnestly, but there were very few people who responded, and only a few were moved. Only Liu Shunqing found Nanyi after the meeting, expressing that he was very interested in the Hundred Five Plan. interest, and suggested that too many people should not participate in this plan. It would be best if only October Company could cooperate with him. He would even increase the commission for October Company, not to mention any sales commission, and the two parties would share profits. point.

Nanyi did not immediately agree at that time. It is impossible to cooperate with only one company in the 150-year plan. He needs at least six or seven partners. will be stable.

In the next few days, Nanyi focused on the trade fair first. Although the 100-five plan was not popular, the small 100-five plan that the company raised 5% of sales at the trade fair in October was well received by the merchants. Everyone willing to pay the money.

Everyone has heard about the plan of the fair and visited the venue. They are optimistic about the sales of the fair and are unwilling to miss this opportunity.

This is also the reason why Huaba’s business has been very good these days. Everyone is busy transferring goods from China, and the business of tourist charter flights has opened up easily. However, whether the business will last for a long time is not yet clear.

In the open-air training ground of Modan Barracks, Nan Yi stood aside, watching Yingying Yanyan rehearse there.

Nanyi hired 30 students from art colleges as models at a price of 12 US dollars per hour, 20 men and 10 women, and 50 students at a price of 8 US dollars per hour to be guides. At present, 80 people are on the list. For a while, the invited dancer was guiding their positions and movements.

Before the start of the exhibition, it is necessary to warm up first. The parade of floats is a must. The day after tomorrow, 80 people will take to the streets to attract the attention of Muscovites.

For marketing effect and to take care of merchants, Nanyi set the theme of the parade as disco, and there will be accompaniment during the parade. At this time, ABBA's "Gimme Gimme Gimme" is floating on the training ground. With the beat of the music, the queue There will be someone stepping out of the line, doing a few moves, and then going back into the line for another one.

The work of stage art is not easy, Nanyi will take over from time to time to guide the movements of the models, and even put forward his own opinions on the modeling of the models.

When the music turned into "Boys", Nan Yi called the No. 8 female model out of the queue, walked around the other party, looked at the 180+ height and good figure, pondered for a while, and Nan Yi said: " What's your name?"

80 students were invited at once, and it was impossible for Nanyi to remember their names. Everyone had a different number on their clothes, just to make it easier for other staff members to distinguish them from Nanyi.

"Vasilisa," Model 8 replied.

"Oh, Your Majesty the Queen (Vasilisa means queen), you need to change your look, find a pair of white shorts to wear, and choose a pair of fishnet stockings, ask for black ones, change your shoes too, with a pair of high heels. "

"OK."

Vasilisa responded, walked to the side, picked out the clothes and accessories that Nanyi said from the basket of clothes and accessories, and took the things to the temporary dressing room on the other side.

After a while, Vasilisa changed her clothes and returned to Nanyi. Seeing the brand-new Vasilisa, Nanyi nodded slightly. The effect he wanted was almost achieved, but there were still flaws. He aimed at Vasilisa After looking at Sha's thigh for a while, Nan Yi squatted down, rolled up the stocking on Vasilisa's right leg to two centimeters above her knee, and drew a black sock ring to wrap around her fair right thigh.

Seeing Nanyi's actions, Vasilisa was a little nervous and worried at first, but Nanyi's hands have always been honest, so she let go of her worries.

Standing up, Nan Yi looked at Vasilisa's thigh again, and felt that it was almost meaningless. After thinking about it for a while, he got Vasilisa's permission, and he put his right hand into the stocking on Vasilisa's left leg. He took out a key from his pocket and scratched a few times on the stockings from bottom to top, creating the effect of the stockings coming off silk, and then hooked two holes of different sizes on the inner thighs of the stockings.

Standing up, Nan Yi looked at Vasilisa's thigh again, and felt that it was the effect he wanted, so he raised his eyes and looked at Vasilisa's whole body. After pondering for a while, he went to pick out an orange-red dress from the basket. The leather jacket gestured to Vasilisa.

"The clothes are one size smaller, and the larger ones will make you feel better." Nanyi muttered, and asked Wu Xiaowei to go to the merchant to ask for one size larger.

After Wu Xiaowei brought the leather jacket, Nan Yi asked Vasilisa to put it on. After looking at it again, Nan Yi called the stylist to him, "Draw her eyes into a Gothic effect, the left ear Wearing a big earring..."

As he spoke, Nan Yi picked up a strand of Vasilisa's hair, gestured, and said, "Perm this strand of hair, I want the effect of the spring being stretched, and I want her hair It looks wet."

After communicating with the stylist, Nanyi called the costume again, stretched out his thumb to press Vasilisa's belly button, stretched his index finger down, and stopped at a distance of five centimeters from the belly button, "Take this as the crotch, For the tank top on the upper body, I want to show the effect of wearing an ultra-thin black one-piece swimsuit, do you understand?"

The clothing made an OK gesture, and took small steps to the basket containing the vest and underwear. After digging through it, he picked out two vests of the same style and color, took them and sat in front of the sewing machine to change them.

Vasilisa was pulled by the stylist to do the styling, and Nanyi started to attack other models.

Wu Xiaowei, who had been watching from the side, became stunned. Although his Russian was not fluent, Nanyi could understand most of the movements in his hands. There were too many tricks—some had a model draw a rose on his chest; The one with a leather dog collar with spikes around his neck; the one with a light blue swallowtail cap (nurse cap) on someone else’s head; Take a whip.

This, this, this... is so fucking perverted, he likes it so much.

"Don't be so unpromising, just wipe off your drool, just see what's interesting, and go after the one you like." Nan Yi, who has designed styles for every female model, returned to Wu Xiaowei's side, and took the teacup from the other party's hand , took a sip of tea and said, "Do you know Sabrina?"

Wu Xiaowei wiped his mouth and said excitedly, "President Nan, is that the singer who sang "Boys"?"

Upon hearing this, Nan Yi asked, "Why, have you seen the video tape?"

"No, no, only her tapes."

"Don't pretend, you haven't seen the video. What are you excited about?" Nan Yi chuckled and waved his hand, "Whether you have watched it or not, Sabrina is Italian, find a way to contact her economic company, and ask How much does it cost to invite her to come to Moscow for a business performance?"

"Uncle Nan, I don't know Italian." Wu Xiaowei said awkwardly.

"Don't emphasize the objective difficulties. If you have difficulties, you must overcome them. If you don't have difficulties, you must overcome them. I know you are a smart boy, and you are good at stealing and cheating. Use your brain, I believe you can find a way, go, today Tell me the answer before you get off work." After Nanyi finished speaking, he waved his hand again to let Wu Xiaowei leave.

Nanyi said so, Wu Xiaowei had nothing to do, he could only leave with a bitter face.

Wu Xiaowei left, and Nanyi watched the training ground for a while, and left with his teacup. The models needed a little time to do styling and change clothes. He couldn't waste his time here, and went to the office to deal with other things first.

Walking on the road, Nan Yi said to the school belle: "Call the blood-type Sergey and place a small order to ask him to investigate the underground bands in Moscow that have not yet made their debut. There are more young people to like."

Said to invite Sabrina, Nan Yi was just teasing Wu Xiaowei, Sabrina is very popular, currently is the most internationally famous young female singer in Italy, the appearance fee will not be low. Moreover, the time to hire someone is a bit tight now, and it may disrupt the other party's schedule. Sabrina's agent will definitely speak loudly, and the exhibition does not have such a budget at all.

...

In London, Zhao Shixian followed Catherine back to Boleyn Castle after attending the Twelve Nations Conference in Bath. When she saw Nan Ruojin in a princess dress, she was very surprised, and she held her in her arms and didn't want to let go.

Speaking of it, Nanyi actually didn't tell Catherine and Zhao Shixian about the existence of each other, but Bolin Holdings and PY Securities have cooperated in some aspects. There are more business contacts, and people will naturally become familiar. After chatting and talking, you will know the role of the other party, and private communication will become frequent immediately.

During the days when Zhao Shixian was in the castle, the two girls would drink together, complain about Nanyi together, and curse Scarlett who had never met before, but had seen countless times in the signature of the email.

In Nan's, Liu Zhen's presence is not strong, but Scarlett's aura is everywhere. Both women have been assigned tasks by Scarlett, so they must be holding their breath.

The two women have common pain points and can complain together, but they have not become sisters or best friends, and there is still an impenetrable barrier between them. Two actresses with similar positioning wish each other to die. Two women with a common man expect them to live in peace for a long time.

Boleyn Castle has a large satellite signal receiver, and the signal is relatively good. Zhao Shixian lives in the castle. First, he is rare for Nan Ruojin. Second, for the convenience of remote command, if he wants to short the pound, he will feel the atmosphere of Downing Street more intuitively in London. .

In the guest room, holding a cup of coffee, Zhao Shixian glanced back and forth on the two laptop screens on the table. One computer screen displayed the market price of the British pound, and the other one, a chat software only used in the internal financial field of Nanshi, kept popping up. new news.

The signal channel of the satellite is limited, and other departments can only connect to the satellite regularly to check emails, but the financial system can use chat software to chat with each other about your breakfast and my dinner across thousands of kilometers.

The timeliness of information in the financial industry is very important. Sometimes just a few seconds faster than others can mean tens of millions of dollars in profit and loss. If it continues to develop, it may only need a few tenths of a second to be the difference between victory and defeat.

Occasionally, a link would appear in the chat window, and Zhao Shixian would shout "Yi Tsai, open the link" into the air, and a new window would immediately appear on the computer screen, displaying the content of the link.

Every time she shouted "Yi Zai", Zhao Shixian would have a bad smile on her face. It is estimated that Yi Zai is not an artificial intelligence or a cat in her heart, but Nan Yi.

A wave of speculative selling has been raging across European markets over the past few days, starting with the Finnish mark, which floated freely in the market after the Finnish government announced it was abandoning its peg to the European Currency Unit after depleting its foreign exchange reserves. On this day, the Finnish mark depreciated by nearly 15%, and the international hot money gained huge profits almost in the blink of an eye.

The next day, international hot money targeted the Swedish krona again. Under the urgency of the situation, the Swedish government announced overnight that it would raise the interest rate to 75%.

Seeing that the attack was fruitless, the funds that relied on the operation of advanced electronic communication systems turned to attack the Italian lira.

Italy, unlike Finland, has not officially become a member of the ERM, so it cannot count on help from other ECBs when speculators are targeting it.

Italy is not the case. If the lira depreciates, it means that the members of the exchange rate mechanism will be hit by the market for the first time. The Italian central bank has the right to obtain support from the strong and powerful German central bank.

In fact, in the past week, Italy has borrowed about 36 billion marks from Germany, and although this intervention is unprecedented, it still fails.

The scenery in the UK is different. When visiting officials from Italy and Germany discussed the depreciation of the lira, the British Chancellor of the Exchequer, Lamont, still attended the event according to the itinerary he had arranged long ago. Even in the description of the British media, Lamont still A little smug, because he knew that the interest rate in Germany was going to drop.

As part of the agreement to devalue the Italian lira, Deutsche Bank will cut interest rates by 0.25% next Monday, September 14, which is equivalent to boosting the value of the pound in disguise.

In fact, in the eyes of most analysts and financiers, there is no comparison between Italy and the UK at all. Italy is the most chaotic of the rich countries in Europe. Its domestic political structure and economic system cannot be compared with that of the UK. It is a country led by the Conservative Party, which has changed the country's economic situation in the previous decade.

In addition, since August, the pressure on the currency value caused by the sell-off of the pound in the market has also been successfully resolved by the Bank of England. In addition to the huge foreign exchange reserves, the UK announced in early September that it would borrow 10 billion European currencies. (£7.25bn) to improve its ability to defend the pound.

As a result, the Bank of England has access to more than $50 billion.

What Lamont didn't expect was that the money prepared by the UK could only be equivalent to the pound sterling prepared by the Quantum Fund family (it may not be its own funds, and you can also borrow pounds from British banks). In addition to the Quantum Fund, there are countless other hedges Funds and international hot money are gearing up and ready to sell the pound at any time.

On Monday, September 14th, when the London foreign exchange market opened, the Bank of England bought sterling equivalent to 700 million U.S. dollars to maintain the currency value after receiving news that Germany would cut interest rates, which made the sterling exchange rate slightly rise on this day , as if everything is very good.

But in the eyes of speculators like Zhao Shixian, they saw a signal, a very good signal-even with the assistance of the Bundesbank, the pound rose only a little bit, which means they can let go Selling the pound, anyway, the worst result is only a little bit.

A win is a big win, and a loss is a small loss.

The next day, September 15, the wave of selling sterling came as promised. The final result was that the Bank of England spent more than a billion dollars in funds to keep the pound at 2.7850, which was only a few basis points away from 2.7780 ( 100 basis points represent 1 percentage point, 0.0001 or 0.01% is 1 basis point).

On the same day, Zhao Shixian ordered the sale of the remaining British pounds in the hands of PY Securities on the British foreign exchange market.

There is a bank in London called Jardine Bank. For PY Securities, it is not easy to borrow pounds. An email was sent to Hong Kong, and Ma Shimin copied it to London. A pound account with an equivalent value of 1 billion U.S. dollars was blocked. Hand it over to her.

The pounds in the account have been sold to international hot money at different prices in the past few days. What Zhao Shixian needs to do now is to buy the same amount of pounds in the market at the right time, return them to Jardine Bank and pay Borrowing interest is enough.

On the same day on the 15th, later, Schlesinger’s interview was published by the Wall Street Journal and the German Handelsblatt. In the interview, Schlesinger claimed that a broad adjustment of European currencies was better than an individual adjustment of the lira. better.

The meaning in his words is very obvious, that is to say, not only the lira needs to be adjusted, but other currencies must also be adjusted accordingly. Who should be adjusted?

There is no doubt that it must be the pound on the cusp.

Lamont was dumbfounded. Schlesinger's speech was tantamount to calling for the devaluation of the pound. Schlesinger's last public statement had already caused the lira to collapse, and now he began to criticize Britain again.

Lamont asked the central bank governor Pemberton to call Schlesinger immediately. Pemberton had concerns about this. He knew that Schlesinger didn't like being interrupted for dinner, but Lamont couldn't control that much.

The Bank of England asked the Bundesbank to issue a statement immediately that night, to the effect that the press release was unauthorized, Schlesinger did not say those words, and the content of the article was not his intention.

The Bundesbank did issue this statement, but this kind of statement, which is like vomiting, is not enough for everyone to trust. Anyway, Wall Street subjectively chooses not to believe it.

Soros and Druckenmiller, who read the press release, seemed to have received an order to attack. Usually they gave orders to traders to execute the transaction, but this time they went out in person and called to find opponents who were willing to buy the pound square.

At this time, it was still Tuesday night in London.

Zhao Shixian had already ordered the sale of the British pound before the statement came out. He did not pursue the highest profit and left room for maneuver. This principle is the warning motto of the Nanshi financial system. Whether it is Scarlett Fund or PY Securities, they will often Sneak away before the flare gun fires.

If you want to compete with other financial companies to operate the same stock or currency, Nanshi Finance will never be able to win the first place, and the courage to bet on one bet will never appear in Nanshi Finance.

Over the years, legendary figures have appeared on Wall Street from time to time, creating a myth of wealth in a short period of time, starting with a few thousand dollars, and within a year or two, the funds have expanded to hundreds of millions of dollars, from dirty apartments to top manors, Embracing a celebrity seems to be a matter of a moment.

Such high-profile legends and celebrities have always been disliked by Nanyi. His likes and dislikes will naturally affect the entire Nanshi. All Nanshi people have developed a low-key style of doing things and being a low-key person.

Only a rich man with a worth of 500 billion who can't spend 10 billion will jump up and down in front of the media, because his worth is all advertised, if he doesn't try hard to expose his worth, and if he doesn't try hard to push his worth up, the bank will immediately chase after his bad debts. Come to ask for it.

Just like a businessman who pays in installments or buys a second-hand luxury car with water, they often try their best to let others know that he has a luxury car. There is no way, the foundation is not good, the pocket is too shallow, in order to appear powerful, he can only make the surface bright Well, maybe the convenience store downstairs of the company has owed cigarette money for two weeks.

Zhao Shixian's action was faster than other international hot money. She asked her men to sell the British pound at the bottom price of 2.7780 in the global market. PY Securities operates not only in the London foreign exchange market, but also in foreign exchange markets in other countries. London can only be regarded as a small test, and there are still 5 billion U.S. dollars worth of British pounds that need to be sold in the global market.

At the same time as Zhao Shixian made the move, New York, Quantum Fund’s office, Druckenmiller’s first reaction when he saw the statement was that Schlesinger was very happy to see the UK excluded from the European Exchange Rate Mechanism, and the Bundesbank had no plans to make another move Help, that is, the depreciation of the pound is inevitable.

Excited, Druckenmiller walked into Soros's office to discuss the next strategy with Soros, who had just returned from England a few days ago.

"I will gradually increase my position until the pound is finally broken." Druckenmiller paced back and forth in Soros's huge office, his eyes shining with excitement.

"What?" Soros shouted loudly: "If the news is correct, we will be in a situation where we will win, so why hesitate, operate with all your strength, bet all your positions, and go all out!"

Hearing what the boss said, Druckenmiller couldn't help laughing, "I still don't know my own boss very well. In this case, according to the boss's gambler personality, of course it is Showhand."

With time running out, Druckenmiller and Soros decided to go it alone, calling the banks that were willing to do business with them.

Under ERS rules, the Bank of England must buy sterling at 2.7780 to keep sterling in EMS, but this is only valid during London trading hours. At this point in time, the trading hours in London have passed, and they must find other buyers.

After the news spread that Soros and Druckenmiller were frantically shorting the pound, the bank traders who took the quantum fund's sell orders also began to sell. Everyone knew that the pound could not hold on.

Very quickly, sterling has fallen below the lower limit, and there are few buyers for sterling.

As the sell-off was timely and at the lowest price, PY Securities sold out of sterling quickly.

The next day, September 16th, even though she stayed up late last night, Zhao Shixian got up very early, went downstairs to have breakfast with Catherine, and made a glass of the brand "" Shixian" coffee.

Don’t think that Nanyi doesn’t understand romance at all. I wrapped a few coffee trees in the coffee garden of Lu Yu Tea Industry. When the upper and lower lips touched, a coffee brand came out. The fertilizer used for the coffee trees was Nanyi’s own. pulled out.

Exclusive and one-of-a-kind, a billionaire producing fertilizer himself is truly romantic.

At eight o'clock in the morning London time, the Wall Street hedge fund traders who made big bets on the British pound couldn't care less about the past few days. At midnight at 3:30 in the morning, they drank bitter coffee and ran to the toilet again and again to wash their face with cold water. , brightly lit, still looking for buyers in the market.

Zhao Shixian is very leisurely, sipping coffee, sitting and watching the long-short battle, PY Securities has sold the British pound, and the position has been established. Next, she only needs to wait for the British pound to depreciate and see how much it will cost to buy back the British pound. final profit.

At 8:30, right on time, the Bank of England made a move. It made two consecutive moves, buying 300 million pounds each time. It was expected to bring the pound back to the ERM floating range, but it didn’t work. The market was surging of selling orders.

"Sell, one billion pounds."

In New York, Druckenmiller shouted orders to traders.

"One billion..."

The young and immature trader trembled. For him, such a number was bigger than any transaction he had ever done before. However, his good professionalism made him rush to sell immediately after a moment of daze.

When a sell order of one billion pounds appeared on the trading screen, the forces still hesitating whether to continue shorting immediately followed suit, and once again threw out sell orders of varying amounts, which once again increased the pressure on the pound.

In fact, in the free-floating GBP/USD market, the pound has fallen for five consecutive trading days, with a drop of more than 7.5%. Excluding the pound sold last night, PY Securities has made a profit of more than 5% in the foreign exchange market .

"2.7790, this is an important threshold, the Bank of England should make another move." Sitting in front of the computer, Zhao Shixian muttered.

As soon as Zhao Shixian's murmur fell, the important barrier of 2.7790 was broken, and the immediate price of the pound was 2.7788.

The seemingly inconspicuous two basis points are actually behind the exchange of countless funds. The Bank of England continues to buy in the market to keep the price from falling to the bottom line.

At 8:40, the price of the pound reached another important threshold of 2.7785, which was regarded as the second line of defense, only five basis points away from 2.7780.

"Buy, keep buying!"

Following Pemberton's order, the Bank of England bought another 400 million pounds, but the pound remained unchanged.

Eyes flushed, Pemberton grabbed the phone and called Chancellor Lamont.

"I can't stand it any longer, so I have to find a way."

At this time, Pemberton didn't pay attention to his demeanor. He knew very well that once the pound reached its lowest point, there would not be any other buyers in the market.

Maybe there will be buyers at other higher prices, because everyone knows that at the lower level of 2.7780, the Bank of England will definitely buy, so that they can earn the exchange rate difference.

So far, the Bank of England has used more than three billion pounds worth of foreign exchange reserves, but the pound is still falling, and the quotations are getting lower and lower.

"Hang on, I'll contact the Prime Minister immediately and ask for an increase in interest rates."

But before Lamont could figure out what to say, the Bank of England called again—the price of 2.7785 had fallen, and the exchange rate of GBP/DM was about to fall to the lower limit of the European exchange rate system.

Speculative funds frantically sold and bought in the two markets. On the one hand, they bought the Mark to force its appreciation, and on the other hand, they sold the British pound aggressively, causing its depreciation to continue to intensify.

International hot money is very clear that the European exchange rate system linked to the British pound is essentially the exchange rate against the mark, because Germany occupies the largest share in the European exchange rate system.

Lamont couldn't sit still, and regardless of the principle of diplomatic reciprocity, he made a phone call to Schlesinger, "Mr. Schlesinger, the situation is critical now, and I hope you can continue to lower Germany's interest rates so that the UK can stay in the country." in the European Monetary System."

Obviously, although Lamont lowered his own value, his request was very rude. Schlesinger rejected the request to lower the interest rate. However, in return for being valued, Schlesinger agreed to intervene in the foreign exchange market to appreciate the mark.

What Schlesinger said was equivalent to saying nothing, and Lamont who hung up the phone was full of resentment, calmed down a little, and called Prime Minister Major.

Lamont articulated the urgency of the situation, but Major rebuffed his call to raise interest rates to bring foreign capital back.

As the leader of the Conservative Party and the Prime Minister of the United Kingdom, Major is not limited to the economic aspect. He has to consider too much. The decision to raise interest rates is not so easy to make. On the phone, he told Lamont that economic data for last month will be released later, which he believes will improve the pound.

Being rejected twice in a row, Lamont was furious, but he had no choice but to drink poison to quench his thirst and continue to buy pounds in the market to keep the price of pounds above 2.7780.

Looking at the changes in the numbers on the screen, Zhao Shixian was guessing what the Bank of England would do. In fact, there was no need to guess. All he could do was to raise interest rates, but judging from the current situation, there was absolutely no effect.

"2.7782"

"2.7781"

The numbers on the screen are constantly changing, just waiting for that point, that moment.

At 10:30 in the morning, the number finally stopped at 2.7780, and then there was no further fluctuation, a straight line appeared, and there was no room for arbitrage.

All over the world, cheers broke out in countless offices, traders shouted and celebrated their victory, but the trading room of the Bank of England was full of mourning. Since then, the Bank of England has only fought alone and never There may be Confederates.

"it's time."

Zhao Shixian put down the coffee cup, entered "Give me the money" in a chat window, switched to another window, and entered "Show time".

The foreign exchange market is only the first step, and PY Securities also needs to operate treasury bond futures...